John Deaton, the founder of CryptoLaw and prominent XRP advocate, is a notable contender in the Massachusetts Senate race, running against Senator Elizabeth Warren.
Deaton, representing the Republican Party, is known for his significant cryptocurrency holdings, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and XRP. His recent financial disclosures reveal that approximately 80% of his wealth is invested in Bitcoin and related assets.
Deaton’s extensive crypto portfolio is in line with his strong advocacy for digital currencies, which contrasts sharply with Senator Warren’s stance. Warren has been a vocal critic of the cryptocurrency sector, focusing efforts on regulation and restrictions.
Deaton’s campaign has garnered substantial support from the crypto community, including contributions from Gemini co-founders Cameron and Tyler Winklevoss, who donated $500,000 worth of Bitcoin to his election bid. They view Deaton as a crucial ally in countering Warren’s anti-crypto policies.
Deaton’s campaign is also bolstered by his pro-crypto stance, while Warren’s position has often been antagonistic towards the digital asset industry. This election is seen as pivotal for the future of crypto regulation in the U.S.
Ripple Chairman Chris Larsen has recently moved 20 million XRP as part of a larger shuffle involving 50 million tokens.
Tensions surrounding the Ripple vs. SEC lawsuit are intensifying as discussions about a potential appeal gain traction.
BNY Mellon, the largest custodian bank in the U.S., has reportedly secured an exemption from the SEC’s Accounting Bulletin 121 for its institutional crypto custody operations.
Charles Hoskinson, co-founder of Cardano and Ethereum, has raised concerns about how former President Donald Trump and Vice President Kamala Harris approach cryptocurrency policy.